The Ghanaian cedi is showing renewed signs of stability and marginal strength against major foreign currencies, according to the latest figures released by the Bank of Ghana.
As of the close of business on Wednesday, June 4, 2025, the cedi traded at GH¢10.22 to the US dollar on the buying market and GH¢10.23 on the selling market, reflecting a steady trend that suggests improved market confidence and relatively stable demand.
The cedi also held firm against the British pound, trading at GH¢13.87 buying and GH¢13.89 selling, while it exchanged at GH¢11.68 (buying) and GH¢11.69 (selling) to the euro.
Market watchers note that the narrowing spread between the buying and selling rates points to reduced volatility in the forex market, likely due to ongoing interventions by the central bank, increased foreign inflows, and tightening of speculative trading.
The improved performance of the cedi is expected to ease inflationary pressures on imports and may offer some relief to businesses and consumers alike as the mid-year economic outlook becomes clearer.
